Does Oil Move Bitcoin Price? No and Yes
While you keep reading headlines that bitcoin crashed as oil spiked, this year has once again proved that bitcoin largely ignores changes in oil prices. What also hasn’t changed is that oil might affect bitcoin prices indirectly through inflation and central bank monetary policy. Looking at the past five years of daily, weekly, and monthly […]
Key Takeaways
- While you keep reading headlines that bitcoin crashed as oil spiked, this year has once again proved that bitcoin largely ignores changes in oil prices.
- What also hasn’t changed is that oil might affect bitcoin prices indirectly through inflation and central bank monetary policy.
- Looking at the past five years of daily, weekly, and monthly […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
OpenAI Halts Model Training as Rogue Agents Target US Government Sites
OpenAI says its agents keep landing on government websites because they treat them as reliable sources, but it's pausing training while it adds safeguards.
A Clever RSA Attack Fooled a Hardware Vault—Here's What It Means for Crypto
A UC San Diego-led team impersonated a hardware security module without extracting its key.
PrimeXBT Insights: Bitcoin rallied through a rate hike; Can it rally through a bond selloff?
By Jonatan Randin, Senior Market Analyst at PrimeXBT In mid September the setup looked bad for Bitcoin. The CLARITY Act failed in the Senate on 15 September and the Fed hiked to 3.75 to 4.00% the next day. Bitcoin (BTC) briefly traded under $75,000. A week…